LONDON: abrdn European Logistics Income plc, a firm invested in European logistics real estate, announced Monday it has completed the sale of three multi-let warehouse estates in Poland for approximately €84 million. The assets, located in Krakow, Lodz and Warsaw, total more than 91,000 square meters of leasable area. The properties were constructed between 2018 and…
AMSTERDAM: InPost Group, Europe’s leading out-of-home e-commerce logistics provider, reported a 35% year-on-year jump in second-quarter revenue to PLN 3.5 billion, driven by rapid international expansion and the integration of UK-based Yodel. Parcel volumes rose 23% to 324 million, with the UK segment surging 177% year-on-year. Adjusted EBITDA climbed 13% to PLN 1.0 billion, with…
LONDON: Mkango Resources Ltd. (AIM/TSX-V: MKA) announced Thursday that its subsidiary, Lancaster Exploration Limited, soon to be renamed Mkango Rare Earths Limited, has entered into a definitive merger agreement with Crown PropTech Acquisitions (OTC: CPTKW), a special purpose acquisition company based in the Cayman Islands. The deal, expected to close in the fourth quarter of…
LONDON: Prospex Energy PLC (AIM: PXEN), the investment company focused on European gas and power projects, has qualified to apply for onshore open acreage hydrocarbon exploration licences in Poland. In March 2024, Prospex incorporated PXEN Tatra, a 100% owned subsidiary and on 21 May 2024 applied to the regulator in Warsaw for the pre-qualification to…
PARIS, FRANCE: Lambert Dodard Chancereul (LDC) announced entry into a conditional asset purchase agreement with KONSPOL Holding SP z.o.o., affiliate of the CARGILL’s group for the acquisition in Poland of their Nowy Sacz plant and Konspol brand. This factory achieved a consolidated turnover in 2023 of €35 million. In line with LDC’s international expansion strategy,…
AMSTERDAM: CTP, Europe’s leading industrial and logistics property developer, has been commissioned by PsiBufet and Butternut Box, top dog food manufacturers, to construct a specialized facility at CTPark Zabrze. This facility, spanning nearly 40,000 sqm in the Katowice Special Economic Zone, is set to become a production hub for fresh, healthy dog food, targeting distribution…
Virtusa Corporation, a global provider of digital strategy services and solutions announced the acquisition of ITMAGINATION Sp. z o.o., a leading technology consulting firm headquartered in Warsaw, Poland. This strategic move reflects Virtusa’s commitment to enhancing its digital transformation offerings and expanding its nearshore delivery capabilities. Founded in 2008, ITMAGINATION has established itself as a…
Intel, the U.S. chipmaker, has revealed its intention to invest up to $4.6 billion in a new semiconductor assembly and test facility near Wrocław, Poland. This announcement comes as part of Intel’s ambitious multi-billion-dollar investment campaign across Europe, aimed at expanding chip capacity within the region. The move aligns with the European Commission’s efforts to…
STOCKHOLM, SWEDEN: Medicover AB has signed an agreement to acquire CDT Medicus Group (CDT), a leading regional provider of medical services operating in the South Western Polish region of Legnicko-Glogowski Okreg Miedziowy (LGOM). Medicover acquires 100 per cent of the voting rights for EUR 54 million including assumed debt. The transaction value implies a low…
LONDON: Powerhouse Energy Group plc, the UK technology company commercialising hydrogen production from waste plastic, signed non-binding Heads of Terms with Hydrogen Utopia International Limited (HUI) with a view to granting HUI an exclusive non-transferable licence for the application of its DMG technology in Poland. The use of this technology, which is designed to convert…
PERTH, AUSTRALIA: MGC Pharmaceuticals has entered into an exclusive commercial wholesale supply agreement with Polish NGO Cannabis House Association (Stowarzyszenie Cannabis House) and the Forensic Laboratory of the Faculty of Law and Administration of the University of Łódź in Poland, a key EU market. The Agreement sets out the terms under which MGC Pharma will…